HC Deb 22 November 1973 vol 864 cc463-4W
23. Mr. Leadbitter

asked the Minister of Agriculture, Fisheries and Food if he has any proposals to modify the EEC intervention price mechanism to take advantage of falling world prices as they occur.

Mr. Godber

Many aspects of the common agricultural policy will no doubt be discussed in the course of the review currently taking place.

Mr. Leadbitter

asked the Minister of Agriculture, Fisheries and Food if future falls in world food prices may be reflected fully in United Kingdom imported food prices or if these will be limited by price intervention directions in the Common Market.

Mrs. Fenner

Consumers would benefit from future falls in the world prices of most of the foods imported into the United Kingdom. The main exceptions are sugar, for which the United Kingdom import price is already below world price levels, and dairy products. For other commodities subject to the common agricultural policy, the prices of imports could fall to EEC levels less the compensatory amounts.

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